What is ProGlove?
Headquartered in Germany, ProGlove specializes in the design and manufacturing of industrial wearables, most notably its MARK series of barcode scanners. By integrating ergonomic design with high-performance scanning capabilities, the company enables workers to streamline data capture processes, thereby increasing efficiency in complex supply chain and manufacturing operations. ProGlove occupies a unique niche at the intersection of Industrial Internet of Things (IIoT) and human-centric hardware, positioning itself as a vital partner for enterprises seeking to optimize warehouse and production floor productivity through digital transformation.
How much funding has ProGlove raised?
ProGlove has raised a total of $82.2M across 3 funding rounds:
Series A
$2.2M
Private Equity
$40M
Other Financing Round
$40M
Series A (2016): $2.2M with participation from Bayern Kapital and Intel Capital
Private Equity (2019): $40M led by Summit Partners
Other Financing Round (2022): $40M supported by Summit Partners
Key Investors in ProGlove
Summit Partners
Founded in 1984, Summit Partners is an equity investment company that invests in entrepreneurial companies. They are headquartered out of Boston, Massachusetts.
Bayern Kapital
Bayern Kapital is a leading venture capital investor in Bavaria, focusing on innovative, technology-oriented startups and companies across various sectors including High-Tech, DeepTech, and Life Sciences.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, and next-generation compute.
What's next for ProGlove?
Looking ahead, the strategic deployment of this recent capital is expected to accelerate ProGlove's product development roadmap and international expansion efforts. As the demand for automated, data-driven industrial processes intensifies, the company is well-positioned to leverage its existing technological foundation to capture a larger share of the global logistics market. Future growth will likely focus on enhancing the software ecosystem surrounding its hardware, facilitating deeper integration with enterprise resource planning systems and predictive analytics platforms. By maintaining its focus on high-performance, ergonomic scanning solutions, ProGlove is poised to remain a leader in the industrial wearable space, driving further innovation in worker-assisted automation.
See full ProGlove company page
